Apple is the world's most admired company

The inventor of iPhone, Apple, for the second year in a row has topped the Fortune list of the most admired companies in the world, but no Indian company has made the cut.

However, PepsiCo, led by India-born Indra Nooyi, has found a place in the list top 50, prepared by American business publication Fortune.

Legendary investor Warren Buffett-led Berkshire Hathaway and Japanese auto maker Toyota are ranked the second and the third, respectively.

"The new most admired list is the definitive report card on corporate reputations," Fortune said in an accompanying report.

While Nooyi-led PepsiCo is at the 21st position, its rival Coca-Cola is way ahead at 12th rank.

Another US company, search engine giant Google, shares the honours at fourth place, closely followed by Johnson & Johnson and Procter & Gamble.

Fortune has compiled a list of 363 most admired companies in which the United States alone accounted for 273 entities.

Again India drew a blank on the enlarged list as well. There are 19 companies from Japan and 17 from Germany.